Comments on: Appraisers Pressured to Falsify Findings http://www.lendingclarity.com/2007/02/14/appraisers-pressured-to-falsify-findings/ Home loans made easy Fri, 21 Nov 2008 16:06:25 +0000 http://wordpress.org/?v=2.3 By: Marc Brinitzer http://www.lendingclarity.com/2007/02/14/appraisers-pressured-to-falsify-findings/#comment-12566 Marc Brinitzer Sat, 11 Aug 2007 04:23:28 +0000 http://www.lendingclarity.com/2007/02/14/appraisers-pressured-to-falsify-findings/#comment-12566 Hey Molly, I'm afraid that the appraiser low balling the value would be just as bad as inflating it. The appraiser's objective is to determine "market value", defined something like this: what a willing buyer and a willing seller will agree upon in an arm's length transaction with all the relevant market information at their disposal. So, it's not coincidence that the value usually comes in close to the price. Unless there is funny business between the principals, the buyer and seller have determined market value by their actions. Hey Molly,
I’m afraid that the appraiser low balling the value would be just as bad as inflating it.

The appraiser’s objective is to determine “market value”, defined something like this: what a willing buyer and a willing seller will agree upon in an arm’s length transaction with all the relevant market information at their disposal.

So, it’s not coincidence that the value usually comes in close to the price. Unless there is funny business between the principals, the buyer and seller have determined market value by their actions.

]]> By: Molly Stuart http://www.lendingclarity.com/2007/02/14/appraisers-pressured-to-falsify-findings/#comment-12563 Molly Stuart Fri, 10 Aug 2007 19:44:57 +0000 http://www.lendingclarity.com/2007/02/14/appraisers-pressured-to-falsify-findings/#comment-12563 I've seen this, every appraisal coming in within $1000 of the offer price. I wish, as a buyer looking for a deal, that appraisers would consider a realistic low ball for negotiating purposes instead of matching ever offer. Not that I want a fraud, just that the paper inflation/loan qualification urge wasn't so great. I’ve seen this, every appraisal coming in within $1000 of the offer price. I wish, as a buyer looking for a deal, that appraisers would consider a realistic low ball for negotiating purposes instead of matching ever offer. Not that I want a fraud, just that the paper inflation/loan qualification urge wasn’t so great.

]]> By: LendingClarity.com » Blog Archive » 6 Reasons Your Next Loan May Take Longer Than It Should http://www.lendingclarity.com/2007/02/14/appraisers-pressured-to-falsify-findings/#comment-197 LendingClarity.com » Blog Archive » 6 Reasons Your Next Loan May Take Longer Than It Should Wed, 21 Feb 2007 08:17:25 +0000 http://www.lendingclarity.com/2007/02/14/appraisers-pressured-to-falsify-findings/#comment-197 [...] Appraisers Pressured to Falsify Findings [...] […] Appraisers Pressured to Falsify Findings […]

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